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Forum Post: A world without Wall Street

Posted 10 years ago on April 16, 2012, 6:52 p.m. EST by arturo (3169) from Shanghai, Shanghai
This content is user submitted and not an official statement

Official Cheminade Statement to French People: 'A World Without the City or Wall Street'

Here is the text of French Presidential candidate Jacques Cheminade's campaign platform, which is being mailed to all French voters.

Two-thirds of Frenchmen find this Presidential campaign dismaying. They are right. In response to the human drama we are living through, the candidates are merely pulling out their calculating machines, repeating slogans and uttering preconceived opinions as if they were playing in a sandbox.

I intervene therefore to attempt to introduce a reality principle, an inspiration and a project. Priority must be given once again to social justice and to labor, but it is impossible to do so in the context of the present financial and monetary system. It must therefore be changed. Peace must be re-established, against the risk of war lurking from the greater Middle East; but it is impossible to do so without great projects for mutual development. These must therefore be launched.

France cannot do those two things on its own, but she can become a catalyst for the success of this experiment. My objective is also to catalyze the engagement of political forces that can lead our country to play this role. This is the adventure of a new Resistance, this time against the world of finance, and of a new Renaissance, this time against a moneyed elite, which is a direct emanation of the financial globalization which degrades human beings.

Therefore, let us pick up the real challenges ahead of us and block out distractions.

  • Stop the Social Devastation -

We will never be able to stop the ongoing social devastation if we accept the obsession of a balanced budget being promised by Mr. [François] Bayrou for 2015, by Mr. [Nicolas] Sarkozy for 2016, by [François] Hollande for 2017.

What that balance masks, is the fact that all [EU] States have agreed to reimburse the illegitimate gambling debts of the large banks by imposing austerity on the people. Under those conditions, the Greek catastrophe will be nothing but the first domino of a generalized economic collapse, in Europe and in the world.

Quite the contrary, the financial bull must be taken by the horns: Illegitimate debt must be eliminated so that priority goes to skilled human labor and to high technologies.

  1. Banks must be cut in two in order to break open the financial lock, just as was done at the Liberation [of France after World War II].

We must dry up the resources of the financial oligarchy, and it must be rendered harmless through the separation of banks managing credit and deposits on the one hand, and investment banks on the other. Today in France, they are mixed. In order to separate those that offer credit to companies and households from those that gamble in the markets, we must convene a parliamentary commission of investigation, on the model of the U.S. Pecora Commission of 1933, endowed with powers to investigate and subpoena. The aim is first to let the people know what is happening; then to protect the useful functions of credit and deposits. Those who reject this approach are those who despise the people and want to continue looting them.

  1. Declare the investment banks bankrupt that bet and lost.

We must be able to tell investment bankers: "We will not bail you out anymore."

We're stopping the little game at the European Central Bank. You have lost; you must therefore pay your own gambling debts and be declared bankrupt if you are not capable of doing so. Let's stop feeding the financial corpse to the detriment of the living standards of people and of the real growth of the economies!

At the same time, the means to speculate in the markets must be eliminated as much as possible:

  • The European Union's Directive for the MFI (Markets in Financial Instruments), which allows financial companies to speculate without restraint and with the greatest opacity, on "alternative platforms," must be abrogated.

  • Forbid gambling with financial titles on what we eat, what we breathe (CO2 emission permits), and on life itself.

  • Opt out of the all-day trading system which allows insiders to distort the markets and to despoil workers and producers.

This is the minimum to clean up the Augean stables, polluted by the gamblers.

  1. Create a National Bank to invest in public infrastructure, schools, hospitals, laboratories, and small and medium-sized entrepreneurial companies.

That clean-up will not be sufficient to create the means for an economic restart. The only fuel for that can be productive public credit organized around a national bank. Not an "independent" central bank—i.e., one managed by financiers—but a system under the control of the people and their elected officials, which allows the stimulation of the economy through the emission of long-term and very low-interest-rate credit.

To pretend that one can ensure social justice and finance schools, hospitals, laboratories and medium and small companies without such a system of national banking and public credit is tantamount to deceiving the electors—i.e., ourselves.

With it, quite the contrary, we will be able to finance great projects that can create skilled jobs (energy, water, rapid transport, R&D).

Then yes, we will be able to finance the training of teachers before they plunge into their tasks, to increase their wages like elsewhere in Europe, to give as much to the universities as we give to the "great schools" [engineering and high-level administration].

Then yes, we will be able to finance professional training for those who need it. Then yes, we will be able to offer to every youth looking for a job an allowance corresponding to a rise in the minimum assistance revenue (RSA) to EU600, plus an allowance for studies which really merits that name. Then yes, we will be able to save the institution of labor medicine and public hospitals, creating a situation where being sick is no longer a luxury. Then yes, we will be able to increase research to more than 3% of GDP.

Then yes, we will be able to grant equal access to all for justice and for politics, by multiplying juridical aid by four and by offering aid for the financing of political parties to the rich and to the poor, and not reserving the advantage of tax deductions to the 50% wealthier Frenchmen who pay income tax.

Enough of a France where "it's the galley for the youth and misery for the elderly"; enough of a France where, for the majority, work is misery!

  • Guarantee World Peace Through Great Projects -

Our domestic and international policies have to move hand in hand. To fight to succeed will occupy more than half the time of the future President, even though this is hardly being raised in this campaign. For me, quite the contrary, our country must become an example for the rest of Europe and the world. This is the very foundation of the left-wing Gaullism which I'm engaged in.

This is why, after having enacted the separation between deposit and credit banks, and investment banks, at home, I would immediately go to Brussels, Washington, Moscow, and Beijng to urgently assemble a true world consultation forum to create the basis for peace, social justice, and mutual development.

  1. Build a Europe of the Fatherlands to fight financial feudalism.

I will start with Europe, brutally telling our partners that we have gone astray.

Either we commit ourselves to the perspective that I just outlined—i.e., rebuilding, through great projects, the conditions for a common future of our fatherlands—or we can no longer live together; because the present logic of competition toward the lowest wages leads us to mutually assured destruction.

Europe must no longer be the Trojan Horse of financial globalization, of the City [of London] and Wall Street, but a locomotive for world growth.

Is that still possible? Yes, if we together immediately abrogate Article 123 of the Treaty of Functioning of the European Union (TFUE), which forbids central banks to lend money to States without interest or at a lower rate, and forces them to borrow that money with interest, from private actors who thereby earn a profit to our detriment.

At home, we must abrogate the laws of Aug. 4, 1993, and May 12, 1998, which forbid, de facto and de jure, the emission of public credit. To start anew, Europe must break that lock.

If it does not do so, France must immediately return to the franc for its domestic transactions, while maintaining a euro common currency for the realization of great European projects. Is that blackmail? No, it's the challenge for a recovery.

  1. Give ourselves the means to populate the world, with the aid of nuclear physics.

We must make of Europe, of Eurasia, of the entire world, a great creator of construction sites, of skilled jobs: The economy is not earning money by buying cheap and selling dear, but creating the best conditions possible for human creativity and for harnessing nature.

It is here that I break totally with the environmentalist theses, those of the NPA [New Anticapitalist Party] and of Mr. [Jean-Luc] Melenchon, because there is no solution that leads us to the past. Peace and the increase of world population cannot be ensured except through a platform of great projects at the international level. The forms of production of energy and technologies of the highest density, per capita, per surface unit and material utilized, must be the foundation of this development, which means today using all the resources of nuclear physics. It's not a matter of simple repetition of the same technologies, but of incorporating constantly new ones, until one day we will master [controlled] thermonuclear fusion and matter/anti-matter reactions.

Continued at:




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[-] 2 points by DemandTheGoodLifeDotCom (3360) from New York, NY 10 years ago

This is the kind of platform I could get excited about.

We have the means, technology, material and energy to turn this entire planet into a paradise for everyone. And we have hundreds of millions of people who are willing to work for that cause who currently cannot find full time work.

But the link to Larouche at the end is not encouraging. Larouche is a crazy conspiracy theorist. Is this person part of Larouche or is that just Larouche reporting on it?

[-] 1 points by ARod1993 (2420) 10 years ago

I'm actually rather fond of most of the stuff Chemenende wants to do. I'm not sure how big a mess it would be for the people if they repudiated the debt, but if it can't be paid down without screwing over the citizens then repudiation is worth considering. Returning to a single national currency controlled by a public bank sounds more like common sense than anything else, and committing as a nation to rebuilding old infrastructure and putting new in place where necessary is something that needs doing anyway. Basically, he's looking to put France on the New Deal track and add a few extra safeguards to keep it there, and that's something I can get behind 100%.

My only complaint about Cheminade's preferred policies is that the worldview from which they arise appears to be closer to the sort of thing that I'd expect to read about on Infowars than anything reasonable or respectable. I do not and will never trust Lyndon LaRouche the man, and nor do I trust the movement (it reminds me of the sort of quasi-cult that grew up around men like Huey Long during the worst of the Great Depression). He's said and done enough crazy things that I could never feel comfortable enough to go out and publicly endorse him or his movement, no matter how much I agree with the aforementioned movement on many economic policies.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

I suggest you google "Chemenende Larouche" to learn more about it. But yes, he does say that he is associated with Larouche. Try to keep an open mind, see what Chemenende says about Larouche.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 10 years ago

That is unfortunate.

My mind would never be open enough to accept his conspiracy theory nonsense. Nobody is going to take LaRouche seriously and for good reason.

But the debate the LaRouche candidate had with Barney Frank last election was entertaining.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

Larouche's ideas are basically the same as Chemenende's, the same ones that you said you could get excited about.

Larouche thinks that the "English empire" is the main enemy of the US. This seems strange to people, because they don't understand what the English empire is. They think of it as the country of England dominating the rest of the world.

It actually refers to a network of corporations and the financiers who own them, and since their headquarters is in the City of London, we call them the English empire. But Wall Street is their branch office in the US, and they have others around the world as well.

Since we beat them in the revolutionary war, the war of 1812, and the civil war, in which they tried to divide and conquer our nation, they've realized they can't beat us in a regular war, and so have been pursuing irregular warfare against us through various kinds of espionage.

Larouche commonly gives briefings to the world's diplomatic community in Washington DC, and is recognized as running the world's top private intelligence agency.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 10 years ago

That is the exact kind of conspiracy nonsense I am talking about.

He is not recognized as running the world's top private intelligence agency.

If he just stuck to policy ideas without the Dan Brown back-story, people would take him more seriously.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

This is Occupy Wall Street. Why would you consider suspicions of the global financial establishment to be nonsense?

About the top intelligence agency, I read that somewhere, can't remember where. But he does give briefings to diplomatic personnel. Don't know about the Dan Brown story myself.

You read the beautiful ideas Chemenende had, why do you suppose those beautiful ideas are not allowed to happen? It is because powerful people are not allowing them to happen. That is a conspiracy.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 10 years ago

I believe with live in an economic system where you take as much as you can and to hell with everyone else. And the more you have, the more you are able to take. I think the "1%" want to keep this system in place because they benefit so greatly from it. That is not nonsense and it is all done out in the open. Everyone knows that is how our system operates.

What is nonsense is his claims that the economy is the way it is because of secret global conspiracies that his intelligence operations are able to uncover. He does not give briefings to diplomatic personnel because he is considered a nut.

That is too bad because he has polished material with his website and videos and reports. He has an organization with big ideas. He is actively trying to get those ideas implemented.

He could have been a great radical alternative to organizations like the Heritage Foundation and other mainstream think tanks. But then he goes completely off the rails with all his other goofy ideas about Obama being Hitler and all of his crazy conspiracy theories.

Have you done research about him? He is considered a political cult and mocked for his conspiracy delusions.

He should have just stuck to policy ideas and science and the great engineering projects and kept everything else to himself.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

Jacque Chemenende is just one of the prominent people from around the world who trust and agree with Larouche.

Yes, I have read what other people say about him, but I prefer to think for myself about it.

[-] 2 points by DemandTheGoodLifeDotCom (3360) from New York, NY 10 years ago

Funny, Chemenende was mentioned on the CNN Saturday show GPS with Fareed Zakaria. They were making fun of him. They said it was ridiculous for a politician to advocate a mission to mars when Europe is broke.

It goes to show how clueless they are. Europe is not broke. It produces $15 trillion per year. It is just using a broken market system to match consumers with producers. $15 trillion is enough to provide everyone in Europe with a high standard of living without any financial difficulty and they certainly can devote a small percentage of that amount to exploring space.

Like I said, they have some good ideas. But it doesn't need to be wrapped in conspiracy theories.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

Space exploration is one of the most profitable ventures of mankind. JFK's space program generated ten dollars worth of economic development for every ten dollars invested in it. It spawned an entirely new industry, aerospace, which created lots of good paying blue and white collar jobs.

Conspiracies happen. Closing one's eyes to them will not make them go away.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 10 years ago

The conspiracies he says exists, do not exist. Everyone knows exactly how the economic system works and who benefits from it.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

My experience is that most people know very little to nothing about the economy. They don't even know that there are two forms of capitalism, the American system and the British/imperialist form. The conspiracy against us has been the imposition of British free trade on America. Its nothing new, we've been fighting this for over two hundred years now.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 10 years ago

I would consider myself an expert in economics. But I am not familiar with what you mean by the American system and the British system that is being imposed on us.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

Well, than as an economist, I hope you will expand your expertise into this area:

American System: http://en.wikipedia.org/wiki/American_System_%28economic_plan%29 http://en.wikipedia.org/wiki/American_School_%28economics%29

British Free Trade: http://en.wikipedia.org/wiki/Free_trade

Although I don't have a lot of trust for Wikipedia, I believe it has to provide some valid information along with the propaganda.

Here is some further information on the American vs. British systems:

The American System Of Political-Economy http://www.larouchepub.com/lar/2002/2941amer_sys.html

The American System versus British Geopolitics in Ireland http://www.larouchepub.com/other/2010/3748what_sinn_fein.html

FDR's `New Deal': An Example of American System Economics http://www.larouchepub.com/other/2000/cramer_fdr_2724.html

Sun Yat Sen: In Defense of Nationalism, the Republic, and the American System of Political Economy http://www.schillerinstitute.org/educ/hist/sun_yat-sen.html

A Letter To Bankers From An American System Banker http://larouchepac.com/node/18459

Bismarck & the American System (Video) http://larouchepac.com/node/11924

Harry Hopkins: The American System Versus Feudalism and Fascism http://larouchepac.com/node/14711

Protectionism or Die http://larouchepac.com/node/10882

Think Like an American—Restore Hamilton's Bank! http://www.larouchepub.com/other/2012/3906jackson_fraud_hamilton.html

It's Time To Develop A Third U.S. National Bank http://www.larouchepub.com/other/2009/3631lar_3rd_nat_bank.html

If you have a chance to do some reading, let me know what you think. If this topic interests you, there are many more PDFs.

[-] 1 points by gnomunny (6819) from St Louis, MO 10 years ago

I've always thought LaRouche got a bad rap, although I didn't follow him for years. That's what happens when you're a third-party politician that tries to speak the truth.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

It was just a sheer character assassination operation against him. Even when his predictions come true, such as the collapse of the economy, people try to write him off. As our conventional reality continues to collapse, hopefully people will start realizing that we have been lied to about a lot of things.

[-] 1 points by gnomunny (6819) from St Louis, MO 10 years ago

They do that to politicians who start to speak out. Ross Perot's another example. He seemed to be doing great, then, when he started speaking out of turn (speaking the truth), BAM! No more Perot.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

Yes, I wonder what will happen to Chemenende. Maybe there will be an assassination attempt if he gets elected.

[-] 1 points by gnomunny (6819) from St Louis, MO 10 years ago

Maybe before. You know the banksters aren't going to give up their power easily. I'm pretty sure bloodshed will occur before it's all said and done. Speaking globally, of course, not necessarily the upcoming French election.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

Yes, i suppose so, but they have to try to keep their cover as well. I think a hit on Chemenende would be pretty obvious, unless they could think of a really sneaky way to do it.

Obama is even starting to take some heat for "unexplained deaths" that appear a bit too coincidental:


[-] 1 points by gnomunny (6819) from St Louis, MO 10 years ago

If he dies in a car accident, I'd be pretty suspicious. Thanks for the link. Haven't checked out his site in a month or two.

[-] -2 points by Dell (-168) 10 years ago

hahahaha! paradise for everyone! lol! Put down the crack pipe & start reading a few books. Recommended: Plato's Republic, Utopia by Sir Thomas Moore, Leviathan by Thomas Hobbs, A Brave New World by Aldous Huxley. Animal Farm by George Orwell, Anthem by Ayn Rand.

[-] 1 points by DemandTheGoodLifeDotCom (3360) from New York, NY 10 years ago

Plato advocated a totalitarian dictatorship. George Orwell advocated democratic socialism, exactly what I advocate. And Ayn Rand advocated libertarianism. They all completely different worldviews. Do you even read the books you listed?

You might want to get more educated on the different worldviews before you commit to being a cheerleader for the one that is exploiting you because of your ignorance.


[-] 1 points by gnomunny (6819) from St Louis, MO 10 years ago

Sounds like Cheminade has a good plan. I hope he gets elected.

[-] 3 points by arturo (3169) from Shanghai, Shanghai 10 years ago

Yes, me too, if one candidate with this kind of plan gets elected, it could set a precedent, allowing candidates with similar platforms to get elected in other countries as well.

[-] 2 points by hchc (3297) from Tampa, FL 10 years ago

Who is our chemende?

[-] 1 points by ARod1993 (2420) 10 years ago

The closest I'd say we've come to having a Chemenende is Jill Stein of the Green Party (she basically wants to re-implement the New Deal and all the reforms that originally came with it and incorporate a high-powered publicly funded renewable energy program alongside it). The problem is that the manner in which our elections are structured only really permits two parties at a time, and those parties are tethered together enough that there isn't much room for Stein in either of them right now.

[-] 1 points by hchc (3297) from Tampa, FL 10 years ago

What do you think of Rocky Anderson?

He is pretty progressive, and seems to really want to tackle some of the fundamental things that are wrong with our system, like corrupted banking.

[-] 1 points by ARod1993 (2420) 10 years ago

I like Anderson a lot as well; in all honesty if by some miracle he were to face off with Stein in the general election I'd probably wind up unable to decide between them.


[-] 2 points by gnomunny (6819) from St Louis, MO 10 years ago

Exactly what I was thinking. It's encouraging to see a politician willing to break with the status-quo. He's a brave man, more so by doing it in the backyard of some really-old world money (Rothschilds, etc.), the very people trying to keep the status-quo in place.

[-] 2 points by arturo (3169) from Shanghai, Shanghai 10 years ago

That's right, maybe even Obama can learn something from him.

[-] 2 points by gnomunny (6819) from St Louis, MO 10 years ago

Heh heh heh.

Sorry. Had to laugh.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

I wonder what it is about France that a person like Cheminade could get to where he is today. I think I heard that it has something to do with the tradition started by de Gaul.

[-] 1 points by gnomunny (6819) from St Louis, MO 10 years ago

That's a good question. The French have always been a proud people, socially progressive. Historically anyway, not so sure post-WWII, we kind of punked DeGaul after that one (I don't blame him for being pissed). I imagine the pride's still there, though. I guess that comes from being one of the most powerful nation on the planet at one point. Kind of like the Romans (I hear they call themselves 'Italians' nowadays). And the I.S.A. (Imperial States of America).

Sorry, meant the 'U.S.A.' ;-)

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

I think there is a strong root of "republicanism" there, though not the type like our political party, but republican in the sense of Plato's Republic. I think they developed their reasoning to a high level, and that it shows in their politics, science and technology.

[-] 1 points by gnomunny (6819) from St Louis, MO 10 years ago

Makes sense. I think France has got a bad rap because all the USA-bashing they've done over the years. For the most part, they've probably been justified. In regards to my comment above, we led France on during WWII, leading them to believe they'd have an equal part in Europe's reconstruction. After the war, we (Britain and the US) kicked him to the curb. After years of being snubbed and ridiculed, he finally said "Fuck you." That's one of the reasons he began courting the USSR.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

Yes, I don't think our alliance with the British is doing us any good. Its mostly just an alliance between the British banks and Wall Street. It seems much of the recent politicians in France have been pretty much as corrupt as ours also.

Personally, I think our main allies should be Russia and China. I think we need to work with them to lead the world out of its emerging finance dominated world government.

[-] 1 points by gnomunny (6819) from St Louis, MO 10 years ago

I agree about Russia. China, not so sure, mainly because I don't yet know much about them. The gut feeling I get, though, is they're like the USSR during WWII, acting like they're our friend, but in reality, just the opposite. I could very well be wrong, though, my intuition isn't all that reliable.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

I think Russia has been set back some what, and it wants to make collaborative alliances to help it move forward. Nothing sinister, they just want to collaborate. The ideal project would be the train route by tunnel or bridge across the Bering Strait, from Siberia to Alaska.

The Chinese are the same. They just want us to get on our feet and get out of debt. They've still got a billion poor people there, and they want as many customers and alliances as they can get, to bring those people out of poverty.

[-] 1 points by gnomunny (6819) from St Louis, MO 10 years ago

Well, you have to separate the people from the politicians in our discussion, of course. The Russian and Chinese people are probably a lot like us in the sense that they're mostly just worried about making ends meet and cooperating. Not sure what their respective politicians think. Again, probably a lot like ours. I know Putin isn't too happy lately by what we've been doing in the Middle East and elsewhere, but then, what they say in public and what they say behind closed doors is probably two different things. Like ours.

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago

Well, yes, Putin is unhappy about those things, but the problem is, he doesn't see where they are going to stop. Larouche says the movement towards attacking Iran is really against Russia and China.

Our financial oligarchs want Russia and China to submit their people to our program of economic collapse, austerity and no growth policies. Neither Russia nor China want that, they are sane, they want to grow and develop their people.

So our oligarchs say if they won't do it our way, then we'll start a nuclear war against them, and so what if their nuclear retaliation kills most of our people? All these pesky protesters around here are starting to get in the way. They'll just hide in their bunkers until its over.

The US has a complete nuclear arsenal in the gulf right now. We have enough fire power there for a complete nuclear war against Asia, not just to attack Iran. Russia and China are accordingly on alert, in their targeting of us, if we should escalate a confrontation.

But they don't want these things, our guys are pushing the war. The Russians and Chinese just want to do business.

I think Putin's character is particularly distorted here in the US. We identify him mainly as an ex-KGB agent. But he thinks of himself, and tries to relate to his people primarily as a Christian.

[-] 1 points by gnomunny (6819) from St Louis, MO 10 years ago

That's a nice, concise picture. I was out of politics for years (since the late '80's) so I'm playing a lot of catch-up. The things I've learned on this site since joining about what's been going on in the world has been a real eye-opener. It reminds me why I got out in the first place, it gets my blood boiling. This time's different, though. It's vitally important for all of us to get involved, or we're all going down the shitter.


[-] 0 points by MattLHolck (16833) from San Diego, CA 10 years ago

To pretend that one can ensure social justice and finance schools, hospitals, laboratories and medium and small companies without such a system of national banking and public credit is tantamount to deceiving the electors—i.e., ourselves.

I don't so how pretending the other is supported

[-] 1 points by arturo (3169) from Shanghai, Shanghai 10 years ago